Comments

Looks like a flightsim engine.
With the very best hardware and a lot of modding work even MS Flightsim could look like that. (speaking as a game modder)

It's the camera work that mostly sells those sequences, which is a lot easier to do in a realtime game engine.
Keep it moving with lots of action and the brain fills in the rest.
(I have loads of recorded X-Wing data that I would love to be able to convert into animations)

Use a high end renderer for some cut in 'Hero' shots and you have something pretty cool.